PVH — Aug 26, 2025 release

• Effective tax rate is projected to be approximately 22% on a non-GAAP basis. Third Quarter 2025 Guidance • Revenue: Projected to be flat to increase slightly compared to the third quarter of 2024 (decrease slightly on a constant currency basis). • EPS: Projected to be in a range of $2.35 to $2.50 on a non-GAAP basis compared to $2.34 on a GAAP basis and $3.03 on a non-GAAP basis in the third quarter of 2024. The third quarter 2025 EPS projection includes: ◦ an estimated net negative impact related to the tariffs currently in place for goods coming into the U.S., including an unmitigated impact of approximately $0.25 per share and a partially offsetting impact of planned mitigation actions ◦ the estimated positive impact of approximately $0.10 per share related to foreign currency translation EPS on a GAAP basis for the third quarter of 2024 included the amounts described under the heading “Non-GAAP Exclusions” later in this release. EPS on a non-GAAP basis for the third quarter of 2024 excluded these amounts. • Interest expense is projected to increase to approximately $22 million compared to $16 million in the third quarter of 2024 primarily due to the impact of funding the accelerated share repurchase agreements discussed above. • Effective tax rate is projected to be approximately 25% on a non-GAAP basis. The Company is unable to project full year 2025 operating margin and full year and third quarter 2025 EPS and effective tax rate on a GAAP basis without unreasonable efforts as there are significant uncertainties with respect to the amount and timing of the restructuring costs to